Frayser, Memphis, TN—38127
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Frayser, Memphis, TN
As of Oct '25, the median home price in Frayser, Memphis, TN is $92,000, with a year-over-year change of 0.4%. This indicates that home prices in Frayser, Memphis, TN are flat. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $92,000 | 0.4% |
| Single Family | $92,000 | 0.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $70,000 | 0.0% |
3 Bed | $92,000 | 0.0% |
4 Bed | $119,000 | 0.8% |
| 5 Bed | $148,000 | 0.7% |
% of Housing Stock
Rental Trends — Frayser, Memphis, TN
As of July '25, Rentcast reports the average rent in Frayser, Memphis, TN is $1,130, with a year-over-year rent change of 6.6%. Per bedroom, the median rent as of July '25 in Frayser, Memphis, TN is 1-bedrooms: $661, 2-bedrooms: $943, 3-bedrooms: $1,100, 4-bedrooms: $1,380. The most common rental property sizes in Frayser, Memphis, TN are 3-bedroom and 2-bedroom, accounting for 58.4% and 27.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,100 | $1,130 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $575 | $661 |
| 2 Bed Rent | $895 | $943 |
| 3 Bed Rent | $1,050 | $1,100 |
| 4 Bed Rent | $1,380 | $1,380 |
% of Rental Stock
Property Listings — Frayser, Memphis, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Frayser, Memphis, TN is 83. This is a increase of 20.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $105,000 | -3.0% |
Listing Count | 291 | 43.0% |
| Listings as % of Homes | 0.8% | 43.0% |
Days on Market | 83 | 20.0% |
Demographics — Frayser, Memphis, TN
As of the latest ACS Survey released in 2023, Frayser, Memphis, TN has a population of 39,600, which has decreased by -10.6% over the past 5 years. Frayser, Memphis, TN is a popular place for families, as children make up 32.4% of the population. The area has a poorly educated workforce, with 11.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 39,600 | -10.6% |
% Under 18 | 32.4% | -2.7% |
% Seniors | 12.9% | 44.9% |
% WFH | 6.6% | 266.7% |
% w/ College Degree | 11.4% | 20.0% |
As of the latest ACS Survey released in 2023, Frayser, Memphis, TN is a predominantly black area, with 86.8% of the population identifying as black. The black population has grown by 1.6% in the last 5 years. The second most common race or ethnicity in Frayser, Memphis, TN is white, making up 7.9% of the population. Foreign-born residents account for 2.3% of the population in Frayser, Memphis, TN, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 7.9% | -19.4% |
% Black | 86.8% | 1.6% |
% Hispanic | 3.4% | 6.2% |
% Asian | 0.2% | -60.0% |
% Foreign Born | 2.3% | 0.0% |
Mortgage and Risk — Frayser, Memphis, TN
According to HUD data as of 2023, there were 238 mortgage originations in Frayser, Memphis, TN, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 37.0% above 90% LTV (very high). This implies large mortgage risk in Frayser, Memphis, TN. Investor activity is high, as 21.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 238 |
% Conventional Loans | 74.0% |
% Government Loans | 26.0% |
% Investor Loans | 21.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Frayser, Memphis, TN
As of 2024, the percent of homes in Frayser, Memphis, TN under the Section 8 program is 29.3%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Frayser, Memphis, TN, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 2,345 |
Total Units Section 8 | 2,282 |
% Rentals under Section 8 | 29.3% |
% Occupied Section 8 | 92.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $525 | $575 | $1,100 |
| 2 Bedroom | $335 | $895 | $1,230 |
| 3 Bedroom | $570 | $1,050 | $1,620 |
| 4 Bedroom | $510 | $1,380 | $1,890 |
Affordability — Frayser, Memphis, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.5 |
| Median Home Price | $92,000 |
| Median Household Income | $37,800 |